Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Components of Lease Costs and Supplemental Cash Flow Information

The components of lease costs were as follows:

	For the Year Ended December 31, 2019
	(in millions)
Operating lease cost	$	222
Finance lease cost:
Amortization of right-of-use assets	29
Interest on lease liabilities	4
Short-term lease cost	39
Variable lease cost	474
Sublease income	(6		)
Total lease cost	$	762

Rent expenses under prior lease accounting rules (ASC 840) recorded in continuing operations were $260 million in 2018 and $284 million in 2017.

Supplemental cash flow information related to leases was as follows:

	For the Year Ended December 31, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(234	)
Operating cash flows from finance leases	(4		)
Financing cash flows from finance leases	(27		)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	95
Finance leases	99

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	As of December 31, 2019
	(in millions)
Operating Leases:
Operating lease right-of-use assets, net of amortization	$	568
Other current liabilities	$	178
Long-term operating lease liabilities	403
Total operating lease liabilities	$	581
Finance Leases:
Finance leases, net of amortization (within property, plant & equipment)	$	122
Current portion of long-term debt	$	32
Long-term debt	91
Total finance lease liabilities	$	123
Weighted Average Remaining Lease Term
Operating leases	5.2 years
Finance leases	4.6 years
Weighted Average Discount Rate
Operating leases	3.5		%
Finance leases	3.7		%

Schedule of Future Lease Payments Under Non-cancelable Operating Leases

Future lease payments under non-cancelable leases under the new lease accounting rules (ASC 842) that went into effect on January 1, 2019 were as follows:

	As of December 31, 2019
	Operating Leases			Finance Leases
	(in millions)
Year Ending December 31:
2020	$	197		$	38
2021	146			34
2022	102			23
2023	68			15
2024	42			9
Thereafter	97			15
Total future undiscounted lease payments	$	652		$	134
Less imputed interest	(71		)	(11		)
Total reported lease liability	$	581		$	123

Schedule of Future Lease Payments Under Non-cancelable Finance Leases

Future lease payments under non-cancelable leases under the new lease accounting rules (ASC 842) that went into effect on January 1, 2019 were as follows:

	As of December 31, 2019
	Operating Leases			Finance Leases
	(in millions)
Year Ending December 31:
2020	$	197		$	38
2021	146			34
2022	102			23
2023	68			15
2024	42			9
Thereafter	97			15
Total future undiscounted lease payments	$	652		$	134
Less imputed interest	(71		)	(11		)
Total reported lease liability	$	581		$	123

Schedule of Minimum Rental Commitments Under Non-cancelable Operating Leases

As of December 31, 2018, minimum rental commitments under non-cancelable operating leases under prior lease accounting rules (ASC 840) were (in millions):

2019		2020		2021		2022		2023		Thereafter		Total
$	208	$	165	$	114	$	79	$	57	$	157	$	780